Today (February 15), the opening of Shanghai and Shenzhen stock markets was mixed. After the shock of the three major stock indexes at the beginning of the session, the trend was further differentiated. With the sharp rise and fall of track stocks, the gem index sang all the way and effectively led the Shenzhen Composite Index upward, while financial stocks rose and fell, which led to the shock and fall of the Shanghai index; In the afternoon, the Shanghai index turned green for a time. Fortunately, the Shenzhen Composite Index and the gem index showed strong performance, and the two cities came back to strength again in the late trading, ushering in intraday highs one after another.
As of the day's closing of Shanghai and Shenzhen stock markets, the Shanghai index rose 0.50% to 3446.09 points; The Shenzhen Component Index rose 1.69% to 13345.63 points; The gem index rose 3.09% to 2816.44 points.
From the disk point of view, the tourism stocks that have soared recently have "stalled", while the targets of medicine and new energy have made a comeback, the industry and concept sectors have increased more or decreased less, and the local profit-making effect has soared. Specifically, in terms of industries, wind power, education, traditional Chinese medicine, energy metals, jewelry, wine and other industries led the increase; In terms of theme stocks, diamond cultivation, CRO, automobile chip, silicon carbide and other stocks rose higher.
In terms of capital, the central bank announced on February 15 that in order to maintain the reasonable and abundant liquidity of the banking system, the people's Bank of China carried out 300 billion yuan medium-term lending facility (MLF) operation (including the continuation of the MLF due on February 18) and 10 billion yuan open market reverse repurchase operation on February 15, 2022, and the bid winning interest rates were 2.85% and 2.10% respectively. Data show that 20 billion yuan of reverse repo expired today, and 200 billion yuan of MLF expired on February 18 (Friday).
hot sector
Top 10 of industry sector increase
Top 10 of industry sector decrease
Top 10 of concept sector increase
Top 10 of concept sector decrease
individual stock monitoring
Top 10 net inflow of main force
Top 10 net outflow of main force
northbound funds
southbound funds
message plane
1. According to the securities times, in view of the recent abnormal fluctuations in iron ore prices, the price supervision and Competition Bureau of the State Administration of market supervision, the price department of the national development and Reform Commission and the futures Department of the CSRC jointly held a meeting to understand in detail the changes in port inventory of iron ore trading enterprises and their participation in iron ore futures and spot trading, and remind and warn relevant enterprises not to fabricate and publish false price information, Do not maliciously hype, hoard and bid up prices, call on relevant state-owned enterprises to take the initiative to bear social responsibility and help the government to ensure supply and stabilize prices. Relevant departments pay close attention to the changes in iron ore prices and will further take effective measures to effectively maintain the normal order of the market. In the next step, the State Administration of market supervision will pay close attention to the changes of market prices and severely crack down on illegal acts such as fabricating and disseminating price increase information, hoarding and buying up prices.
2. According to Shanghai Securities News, on February 15, the Guangdong provincial government issued several measures on promoting the reform and innovation of trade and investment facilitation in Guangdong pilot Free Trade Zone, which proposed to build Guangzhou futures exchange with high standards. One belt, one road, one is to strengthen the joint operation between Guangzhou futures exchange and Hongkong exchange and Shenzhen stock exchange, attracting international investors to participate in the development of the platform, and building an important platform for the development of the high quality service, the big bay area and the "one belt and one road" construction in Guangdong, Hong Kong and Macao. Further enrich commodity futures varieties and promote the research and listing of characteristic futures varieties that meet the development needs of Guangdong pilot free trade zone.
3. According to China news finance and economics, on the 15th, according to the website of the Ministry of finance, in order to further release the policy effect and support the construction of Hainan free trade port, the Ministry of finance, together with the General Administration of customs and the State Administration of Taxation, issued a notice to adjust the "zero tariff" policy of self used production equipment in Hainan free trade port.
4. On February 15, according to the website of the Ministry of Commerce, in January 2022, the actual amount of foreign capital used in China was 102.28 billion yuan, a year-on-year increase of 11.6% (equivalent to US $15.84 billion, a year-on-year increase of 17.6%; excluding banking, securities and insurance).
institutional perspective
Recently, YueKai Securities said that standing at the moment, the darkest moment of rapid adjustment has passed, and the rebound may be ushered in at any time after the subsequent shock grinding bottom, so it is difficult to participate in the short-term market. But in the long run, it is still the main focus of investment layout.
Macroscopically, Huaxin Securities believes that the credit data in January is very bright. The policy force is obvious, and the expectation of the market from stable credit to wide credit is implemented. For a shares, for each round of wide credit cycle, the probability ushers in valuation expansion. Therefore, from the perspective of liquidity, it supports the gradual improvement of a shares. Externally, however, the US CPI hit a new high, and the market is worried about the Fed's interest rate hike in March, thus continuing to depress the risk appetite in the market.
Huatai Securities Co.Ltd(601688) mentioned that the probability of current style sawing is greater than the establishment of value style, and the double main lines of value growth go hand in hand. Since the fourth quarter of last year, the price scissors gap between the stable growth chain and the growth sector has continued to expand, and the apparent catalysis is the expected change of overseas liquidity. However, taking history as a mirror, the liquidity change is not a sufficient condition for the establishment of a new style, while the significant reversal of the industrial logic scissors gap and the performance scissors gap is a necessary condition, which is not available at present: first, The strength of affordable housing policy is lower than that of shed reform and new urbanization. The new energy cycle is still in the stage of high growth, and there is a close relay of intelligence (Smart Car + meta universe + Data Infrastructure). The scissors difference of industrial logic converges but does not reverse sharply; Second, based on the consensus expectation, the scissors gap between 22e growth and value performance is only slightly lower than that in 21 years. Suggestions for maintaining dual mainline configuration: 1) non-financial central enterprises benefiting from China's broad credit but not subject to overseas tight currency (power grid and traditional energy, etc.), 2) smart car + data infrastructure.
Previously, Bohai Securities also pointed out that due to space problems, it is not suitable to catch up with the "steady growth" sector with large short-term cumulative growth. However, considering that the social and financial structure still needs to be optimized and the steady growth policy will still work, the steady growth sector can still play a game if there is a correction; In addition, in the short term, we can also focus on the rebound opportunities of household goods and household appliances under the correction of real estate policies, as well as thematic opportunities such as traditional Chinese medicine and digital economy.
